FCC Moves to Slash $8 Billion Subsidy for Big Tech's Rural Internet Monopoly
The Federal Communications Commission is cracking down on a controversial program that has quietly funneled billions to telecom giants for internet buildouts in underserved areas—a move that could reshape rural connectivity and save consumers $16 billion over the next decade, according to internal analyses. This regulatory pivot, targeting the Universal Service Fund's inefficiencies, signals an end to cozy deals that have stifled competition and left millions offline.